Reaffirmed: Kirby (NYSE:KEX) “Buy” Rating Maintained at Jefferies; $85.0 Target in Place

September 17, 2017 - By Clifton Ray

 Reaffirmed: Kirby (NYSE:KEX)

Investors sentiment decreased to 0.77 in Q4 2016. Its down 0.34, from 1.11 in 2016Q3. It fall, as 33 investors sold Kirby Corporation shares while 95 reduced holdings. 32 funds opened positions while 67 raised stakes. 55.94 million shares or 0.67% more from 55.57 million shares in 2016Q3 were reported.

Jpmorgan Chase And Co holds 0% or 73,249 shares in its portfolio. North Amer Management owns 42,929 shares or 0.48% of their US portfolio. Logan Cap Inc stated it has 7,343 shares. The Michigan-based Ls Advsrs Limited Liability Corp has invested 0.02% in Kirby Corporation (NYSE:KEX). 267 are owned by Spot Trading Ltd Llc. Tiaa Cref Investment Management Limited Liability Corp has invested 0.02% of its portfolio in Kirby Corporation (NYSE:KEX). Creative Planning accumulated 0% or 105 shares. Group, a New York-based fund reported 103,906 shares. Alpha Windward Llc holds 0.03% or 683 shares. Lazard Asset Management Limited Company owns 1.12 million shares for 0.17% of their portfolio. Federated Investors Pa accumulated 28,239 shares. Samlyn Cap Limited has 0.1% invested in Kirby Corporation (NYSE:KEX) for 63,971 shares. Ubs Asset Mngmt Americas invested in 26,387 shares. Rothschild Asset Mngmt holds 0.13% in Kirby Corporation (NYSE:KEX) or 154,201 shares. Vanguard reported 3.95 million shares.

Kirby (NYSE:KEX) Rating Reaffirmed

New York: In analysts report published on Monday morning, Jefferies kept their “Buy” rating on Kirby (NYSE:KEX) shares. They now have a $85.0 target price on the firm. Jefferies’s target would indicate a potential upside of 32.50 % from the company’s last stock close price.

Investors sentiment decreased to 0.77 in Q4 2016. Its down 0.34, from 1.11 in 2016Q3. It fall, as 33 investors sold Kirby Corporation shares while 95 reduced holdings. 32 funds opened positions while 67 raised stakes. 55.94 million shares or 0.67% more from 55.57 million shares in 2016Q3 were reported.

Jpmorgan Chase And Co holds 0% or 73,249 shares in its portfolio. North Amer Management owns 42,929 shares or 0.48% of their US portfolio. Logan Cap Inc stated it has 7,343 shares. The Michigan-based Ls Advsrs Limited Liability Corp has invested 0.02% in Kirby Corporation (NYSE:KEX). 267 are owned by Spot Trading Ltd Llc. Tiaa Cref Investment Management Limited Liability Corp has invested 0.02% of its portfolio in Kirby Corporation (NYSE:KEX). Creative Planning accumulated 0% or 105 shares. Group, a New York-based fund reported 103,906 shares. Alpha Windward Llc holds 0.03% or 683 shares. Lazard Asset Management Limited Company owns 1.12 million shares for 0.17% of their portfolio. Federated Investors Pa accumulated 28,239 shares. Samlyn Cap Limited has 0.1% invested in Kirby Corporation (NYSE:KEX) for 63,971 shares. Ubs Asset Mngmt Americas invested in 26,387 shares. Rothschild Asset Mngmt holds 0.13% in Kirby Corporation (NYSE:KEX) or 154,201 shares. Vanguard reported 3.95 million shares.

Kirby Corporation (NYSE:KEX) Ratings Coverage

Among 13 analysts covering Kirby (NYSE:KEX), 5 have Buy rating, 0 Sell and 8 Hold. Therefore 38% are positive. Kirby has $90 highest and $32 lowest target. $68.90’s average target is 7.40% above currents $64.15 stock price. Kirby had 28 analyst reports since July 31, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Buy” rating in Monday, July 3 report. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, July 27 report. As per Tuesday, June 21, the company rating was downgraded by Credit Suisse. The company was initiated on Thursday, November 10 by Seaport Global Securities. The firm has “Outperform” rating given on Tuesday, September 20 by RBC Capital Markets. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, September 28. The stock has “Market Perform” rating by Cowen & Co on Friday, April 29. Jefferies maintained it with “Buy” rating and $85.0 target in Monday, September 11 report. The stock of Kirby Corporation (NYSE:KEX) has “Outperform” rating given on Wednesday, April 19 by Credit Suisse. On Thursday, January 28 the stock rating was maintained by Cowen & Co with “Outperform”.

The stock increased 0.55% or $0.35 on September 15, reaching $64.15. About 282,138 shares traded. Kirby Corporation (NYSE:KEX) has declined 0.86% since September 17, 2016 and is downtrending. It has underperformed by 17.56% the S&P500.

Analysts expect Kirby Corporation (NYSE:KEX) to report $0.48 EPS on October, 25.They anticipate $0.11 EPS change or 18.64 % from last quarter’s $0.59 EPS. KEX’s profit would be $25.89M giving it 33.41 P/E if the $0.48 EPS is correct. After having $0.48 EPS previously, Kirby Corporation’s analysts see 0.00 % EPS growth.

Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. The company has market cap of $3.46 billion. The Company, through its subsidiaries, operates in two divisions: Marine Transportation and Diesel Engine Services. It has a 29.43 P/E ratio. The Company, through its Marine Transportation segment, is a well-known provider of marine transportation services, operating tank barges and towing vessels transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii.

More notable recent Kirby Corporation (NYSE:KEX) news were published by: Prnewswire.com which released: “Kirby Corporation Announces 2017 First Quarter Results” on April 26, 2017, also Prnewswire.com with their article: “Kirby Corporation Announces 2017 Second Quarter Results” published on July 26, 2017, Bizjournals.com published: “Kirby Corp. to buy Houston-based manufacturer for $710M” on June 14, 2017. More interesting news about Kirby Corporation (NYSE:KEX) were released by: Prnewswire.com and their article: “Kirby Corporation Announces The Resignation Of Executive Vice President And …” published on August 17, 2017 as well as Reuters.com‘s news article titled: “BRIEF-Kirby Corporation says CFO C. Andrew Smith resigns” with publication date: August 17, 2017.

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